Bank Distress: A Critical Review Of The Courses And Possible Control In The Nigerian Banking Industry (A Case Study Of N.D.I.C Enugu)

📄 Project Abstract

Bank distress in Nigeria has reached a crisis point that it has become a key issue for discussion of all within and outside the banking industry. It is undoubtedly one of the biggest and most serious issues facing our society today. In 1993, it was discovered and reported that out of 116 (one hundred and sixteen) banks in Nigeria 57 (fifty seven) of them were distressed on average of 48%. This has affected the depositions, the industry, that is the banking industry, government and staff of the affected banks adversely. OBJECTIVES The researcher understand that the distress in the Nigerian banking industry and the increasing wave of financial malpractice in banks if not arrested will lead to the collapse of the Nigerian economy. In this regard, an attempt have been made to identify the possible pills for the total eradication of at least control of these distress in order to reduced the negative impact on the economy. METHODOLOGY The method of investigation used by the researcher is ba...